Colorado Online Mortgage
Today seems to be starting off nicely for your Colorado Online Mortgage provider. I have written many Colorado Online Mortgage post talking about the impacts of bad Economic Data on Mortgage Backed Securities. Today the Durable Goods report was released a day earlier then I had expected. The Economic data from Durable goods came in considerably lower then what was expected. This will be good news for Colorado Online Mortgage rates today and should be a signal of whats to come. Durable Goods data showed a reduction of 1.7% versus the .7% which is what investors were expecting. This is yet another sign that we have entered into a recession. We can debate whether we are in a recession or not all we want but the economic data does not lie. This is good news for Colorado Online Mortgage rates because bad economic news pushes interest rates down as demand for mortgage backed securities increases. Those that decided to gamble should see rates improve today and if the economic data continues on this trend we will see rates get even better towards the beginning of next week. I just took a look at Colorado Online Mortgage rates today and we are starting out exactly where we left off yesterday, however I do expect Colorado Online Mortgage rates to improve by .125% before the day is done. There is one other area that we must monitor and that is the supply of bonds being offered in the market. When ever a large lending institution releases a portfolio to be sold in the securities market it creates a temporary over supply of Mortgage Backed Securities. If these MBS do not sell quickly then the price on these investments drop, which will have an inverse relationship with Colorado Online Mortgage rates. I bring that up because today we had the release of 1.2 billion dollars in newly orginated FHA Jumbo loans to the market, luckly we have had several investors in the Asian markets jump on the opportunity which help avoid any interest rate increases due to over supply. My recommendation today will be to FLOAT. I will let you know as soon as possible when GDP figures are released.
Tags: Colorado Online Mortgage, Mortgage, Mortgage Backed Securities, Rate
